Will #GOP crash World Economy?

World economic risks:

Fund sees threat to financial markets

The International Monetary Fund has warned of a “severe shock” to global financial markets if the US does not move quickly to increase its borrowing authority, adding pressure on Congress and the White House to clinch a deal on fiscal policy.

In its annual report on US economic policy, the IMF cited “unfavourable fiscal outcomes” as one of the key dangers to the country’s economic outlook.

#3) Federal Reserve quits buying US bonds

The Federal Reserve has announced an end to QE2.
they are now the worlds biggest holder of US bonds.
US has been buying its own bonds, with borrowed
money the Federal Reserve created.

This has been keeping Interest rates artificially low.
Interest rates will rise to attract buyers to buy the
bonds the Federal Reserve was buying.

GET OUR OF LONG TERM BONDS AND BOND
FUNDS.

#4) Nothing has been done to prevent Banks from doing it again. Sub-Prime fraudTotal value of derivatives in the world exceeds total global gross domestic product by a factor of 10x: They are doing it Again.